Amazingly, the vast majority of consumers in Minnesota kept buying from the same company for four years or more, and just under half have never taken the time to shop around. With the average auto insurance premium being $1,847, American drivers can save hundreds of dollars each year just by comparing rates, but most just don’t grasp how much money they would save if they replace their high priced policy.
Truthfully, the best way to find cheaper prices for auto insurance rates in Minneapolis is to regularly compare prices from insurers that insure vehicles in Minnesota. You can shop around by following these steps.
- First, try to understand individual coverages and the measures you can control to prevent high rates. Many policy risk factors that cause high rates such as your driving record and a negative credit score can be remedied by making minor changes in your lifestyle.
- Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like GEICO and Allstate, while independent agents can provide prices for a wide range of insurance providers.
- Third, compare the quotes to your existing coverage and see if there is a cheaper rate. If you find better rates and buy the policy, make sure coverage is continuous and does not lapse.
One key aspect of rate comparisons is to make sure you enter the same level of coverage on every quote request and and to get quotes from as many companies as feasibly possible. Doing this guarantees an apples-to-apples comparison and the best price selection.
Locating the best insurance company for you in Minneapolis is much easier if you have a good place to start. If you are insured now or need a new policy, you can use these tips to save money and still have adequate protection. Drivers just need to know the most time-saving way to buy insurance from many different companies online.
How Insurance Providers Calculate Nissan Xterra Insurance Costs
Multiple criteria are taken into consideration when you get a price on insurance. Some are obvious like your driving record, but other criteria are less apparent such as whether you are married or your vehicle rating.
The list below includes some of the factors used by your company to calculate your prices.
Does your vocation cost you more? – Did you know your car insurance rates can be affected by your occupation? Occupations like doctors, air traffic controllers, and stock brokers tend to pay higher premium rates in part from stressful work requirements and lengthy work days. On the flip side, occupations such as farmers, athletes and the unemployed have lower than average premiums.
Performance makes a difference – The performance of the car or truck you are trying to find cheaper insurance for makes a huge difference in your car insurance bill. The cheapest rates are usually found on lower cost passenger cars, but many other things help determine your insurance rates.
The next chart assumes a single female driver age 50, full coverage with $100 deductibles, and no discounts or violations. The data compares Nissan Xterra insurance rates compared to other models of vehicles that have different performances.
Cheaper to insure women? – Over the last 30 years, statistics show women are more cautious behind the wheel. This data doesn’t prove that males are worse at driving than females. Males and females are responsible for fender benders in similar percentages, but the males have accidents that have higher claims. Not only are claims higher, but men get cited for more serious violations like DUI and reckless driving.
The diagram below visualizes the comparison of Nissan Xterra annual premium costs for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, comp and collision included, $250 deductibles, drivers are not married, and no other discounts are factored in.
Liability insurance safeguards assets – Liability coverage will protect you when you are found to be at fault for causing damage or personal injury in an accident. Liability provides you with a defense in court starting from day one. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
You might want pay the inexpensive insurance claims yourself – Insurance companies in Minnesota generally give better rates to policyholders who only file infrequent claims. If you file claims often, you can expect higher premiums or even policy non-renewal. Insurance coverage is intended to be relied upon for larger claims.
How credit score affects car insurance rates – Having a bad credit score is a large factor in determining your rates. So if your credit score could use some work, you could potentially save money when insuring your Nissan Xterra by improving your rating. Drivers with high credit scores tend to be more responsible and file fewer claims as compared to drivers with worse credit.
Safety first – Vehicles with good safety scores tend to be cheaper to insure. Vehicles built for safety result in less severe injuries and fewer serious injuries means less claims paid which can result in lower premiums.
Cheaper rates with high comp and collision deductibles – Insurance for physical damage, also called ‘full coverage’, insures against damage to your Nissan. Examples of covered claims are running into the backend of another car, damage from fire, or theft. The deductibles state the amount of money you are willing to pay out-of-pocket in the event of a claim. The larger the amount you’re willing to pay, the less money you will pay for car insurance.
Loss probability for a Nissan Xterra – Companies analyze the history of losses to calculate a rate that will offset any claims. Vehicles that historically have high amounts or severity of claims will have higher rates for specific coverages. The table below outlines the historical insurance loss data for Nissan Xterra vehicles.
For each type of coverage, the statistical loss for all vehicles, regardless of manufacturer or model, is a value of 100. Values that are under 100 indicate better than average losses, while numbers above 100 indicate more frequent claims or an increased chance of a larger loss.
|Specific Nissan Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Nissan Xterra 4dr 2WD||57||95||45|
|Nissan Xterra 4dr 4WD||62||100||63||59||77||86|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Nissan Xterra insurance rates and statistics
The price information displayed below highlights estimates of coverage prices for Nissan Xterra models. Knowing how premiums are established helps drivers make informed decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Xterra X 2WD||$114||$164||$358||$22||$108||$766||$64|
|Xterra S 2WD||$114||$164||$358||$22||$108||$766||$64|
|Xterra S 4WD||$114||$164||$358||$22||$108||$766||$64|
|Xterra X 4WD||$114||$164||$358||$22||$108||$766||$64|
|Xterra Off Road 4WD||$130||$210||$358||$22||$108||$828||$69|
|Xterra SE 2WD||$130||$210||$358||$22||$108||$828||$69|
|Xterra SE 4WD||$130||$210||$358||$22||$108||$828||$69|
|Get Your Own Custom Quote Go|
Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Rates do not factor in your specific Minneapolis location which can lower or raise prices greatly.
Save money on Nissan Xterra insurance in Minneapolis with these car insurance discounts
Not many people think insurance is cheap, but companies offer discounts to help offset the cost. Certain credits will be shown at the time of quoting, but once in a while a discount must be asked about before being credited.
- Multi-car Discount – Purchasing coverage when you have all your vehicles with one company may reduce the rate for each vehicle.
- Telematics Data Discounts – Minneapolis drivers who agree to allow companies to look at driving habits remotely like Allstate’s Drivewise may get a rate reduction as long as they are good drivers.
- No Claims – Claim-free drivers pay much less as compared to drivers who are more careless.
- Discounts for New Vehicles – Insuring a new Xterra may earn a small discount because newer models have to meet stringent safety requirements.
- Organization Discounts – Belonging to qualifying employment or professional organizations is a good way to get lower rates on your next renewal.
- College Student Discount – College-age children who attend college more than 100 miles from Minneapolis and do not have access to a covered vehicle can receive lower rates.
- Military Discounts – Having a deployed family member could trigger a small discount.
- Good Students Pay Less – Excelling in school can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
- 55 and Retired – If you qualify as a senior citizen, you can possibly qualify for a discount up to 10%.
While discounts sound great, it’s important to understand that most discount credits are not given to all coverage premiums. Most only cut the cost of specific coverages such as comprehensive or collision. Despite the appearance that you can get free auto insurance, you aren’t that lucky.
The illustration below shows the comparison of Nissan Xterra car insurance rates with and without discounts applied. The prices are based on a female driver, no violations or claims, Minnesota state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, multi-car, marriage, claim-free, and homeowner discounts applied.
A few popular companies and their possible discounts are included below.
- Progressive offers discounts including homeowner, good student, continuous coverage, multi-policy, online quote discount, and multi-vehicle.
- The Hartford has savings for driver training, vehicle fuel type, anti-theft, bundle, air bag, and defensive driver.
- Mercury Insurance may include discounts for multi-car, location of vehicle, anti-theft, annual mileage, good student, and low natural disaster claims.
- GEICO may have discounts that include military active duty, anti-lock brakes, multi-vehicle, membership and employees, driver training, anti-theft, and five-year accident-free.
- AAA offers discounts for good student, multi-car, anti-theft, AAA membership discount, and education and occupation.
- State Farm includes discounts for good driver, student away at school, anti-theft, Drive Safe & Save, and safe vehicle.
If you need inexpensive Minneapolis auto insurance quotes, ask every prospective company which discounts can lower your rates. A few discounts may not apply in Minneapolis. To see a list of providers that provide some of the discounts listed above in Minnesota, click this link.
Best auto insurance in Minnesota
Selecting the right company can be difficult considering how many companies there are to choose from in Minneapolis. The company information in the next section could help you pick which providers to look at comparing price quotes from.
Top 10 Minneapolis Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Liberty Mutual
Don’t give up on affordable premiums
We’ve covered a lot of information how to save on Nissan Xterra insurance in Minneapolis. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding the cheapest Nissan Xterra rate quotes. Drivers may even discover the best prices are with a small mutual company.
When shopping online for car insurance, it’s very important that you do not reduce needed coverages to save money. In many instances, drivers have reduced full coverage only to discover later they didn’t purchase enough coverage. Your goal is to buy enough coverage at the best price, but don’t skip important coverages to save money.
Cheaper Nissan Xterra insurance in Minneapolis can be found on the web and from local agencies, so you should be comparing quotes from both to have the best selection. Some insurance providers may not have the ability to get a quote online and these smaller providers sell through local independent agents.
Even more information is located in these articles:
- Help Your Teen Be a Better Driver (State Farm)
- How Much is Car Insurance for Drivers Over Age 50 in Minneapolis? (FAQ)
- How Much are Auto Insurance Rates for a Chevrolet Silverado in Minneapolis? (FAQ)
- Who Has Cheap Auto Insurance Rates for a Chevrolet Equinox in Minneapolis? (FAQ)
- Who Has Affordable Minneapolis Auto Insurance for a Honda Pilot? (FAQ)
- What Auto Insurance is Cheapest for a Company Car in Minneapolis? (FAQ)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)